Asia Aftermarket Passenger Car Tire Market Overview
As per recent research by MarkNtel Advisors, the Asia Aftermarket Passenger Car Tire Market is projected to grow at a CAGR of around 4.83% during the forecast period, 2022-27.
Asia Aftermarket Passenger Car Tire Market Dynamics
Market Drivers : Surging Demand for Used Cars Boosts the Requirement for Aftermarket Passenger Car Tire
The countries in the Asian region, such as China, India, and Australia, have seen a significant increase in the sale of used cars during the historical period. The rising cost of new cars & customers’ desire for imported luxury vehicles have fueled the region’s used car market’s growth. Furthermore, depending on the depreciation & condition of the car, used cars are generally offered to customers at much lower prices. Hence, the condition of the pre-installed tires, which need to be replaced by the supplier or owner, determines the need for aftermarket tires.
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Asia Aftermarket Passenger Car Tire Market Segmentation Overview 2022-2027: Key Factors
By Vehicle Type
-Hatchback
-Sedan
-SUV
By Tire Type
-Radial
-Bias
By Rim Size
-Up to 12”
-12.1” to 15”
-15.1” to 18”
By Price Category
-Budget
-Economy
-Premium
By Sales Channel
-Online
-Exclusive Outlets
-Multi Brand Outlets
By Season
-Summer
-Winter
-All-Season
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Asia Aftermarket Passenger Car Tire Market Geographical Insights:
By Country:
-China
-India
-Japan
-South Korea
-Indonesia
-GCC
-Rest of Asia
Key Players and Competitive Strategies in the Asia Aftermarket Passenger Car Tire Market
Several prominent players dominate the Asia Aftermarket Passenger Car Tire Market, including:
- Bridgestone
- Sumitomo Tyre
- Michelin
- The Goodyear Tire & Rubber Manufacturing Company
- Hankook Tire
- Continental
- Apollo Tyres Limited
- Pirelli
- MRF Ltd.
- Others
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Questions Addressed in this Study
1.How big is the Asia Aftermarket Passenger Car Tire Market Size?
2.What is the Asia Aftermarket Passenger Car Tire Market Growth?
3.Who are the key players of the Asia Aftermarket Passenger Car Tire Market?
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